BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won't meet its inflation target.
Reports asian news
EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts
European Union drug regulators found no evidence that highly popular weight loss and diabetes drugs such as Wegovy and Ozempic are linked to an increased risk of suicidal thoughts and self-injury, the regulator said Friday.
US$670 million Singapore shopping centre deal backed by Chinese tycoon Du Shuanghua flops after regulator rejects plan
The deal involved the purchase of Far East Shopping Centre in Singapore’s Orchard Road shopping belt by a firm connected to Chinese tycoon Du Shuanghua, the people said, asking not to be identified because the matter is private. It collapsed after the parties failed to get approval from the Urban Redevelopment Authority, the people added.
Japan’s ‘super’ sniffer dog Melba retires, counts US$11.8 million drug bust as biggest-ever case cracked
The bane of smugglers attempting to enter Tokyo with their illegal cargoes, Japan’s most prolific drug-sniffing dog, is hanging up her leash.
China remains crucial for U.S. chipmakers amid rising tensions between the world's top two economies
China remains an essential market for most American chipmakers despite Washington's efforts to restrict chip sales to the country and amid Beijing's push for self sufficiency in the semiconductor sector.
China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
BEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday.
Chinese official talks with North Korean counterpart in the nations’ highest-level meeting in years
SEOUL, South Korea (AP) — A top Chinese official arrived in North Korea and held talks on how to boost their cooperation, North Korea’s state media reported Friday, in the counties’ highest-level meeting in about five years.
North Carolina governor to welcome historic visitor at mansion: Japan’s Prime Minister Kishida
RALEIGH, N.C. (AP) — After spending a few days in Washington emphasizing global security concerns, Japanese Prime Minister Fumio Kishida is set to tour around North Carolina on Friday to spotlight a different interest: his nation’s title as the state’s biggest foreign investor.